WSJ: Lagarde asked Greece to block Binance's entry into the EU market
- —Lagarde asked Mitsotakis not to approve Binance's license through the Greek regulator
- —Reasons: Binance's past U.S. violations and the growing influence of dollar stablecoins
- —Binance withdrew its HCMC application in June before an official regulatory decision
- —Without a license by July, the exchange stopped promoting services to EU users
Why it matters: Direct ECB intervention in licensing shows political pressure on the largest exchange in the EU and the risks to its European expansion.
Source: Bloomingbit